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Secured Lines of Credit (Tables)
12 Months Ended
Dec. 31, 2016
Secured Line of Credit [Member]  
Summary of Unsecured Lines of Credit

The following table summarizes the secured LOC, net of deferred financing costs, at December 31, 2016:

 

Secured Lines of Credit

 

Outstanding on December 31, 2016, net

 

 

Total Commitment

 

 

Maturity

 

Variable /

Fixed

 

Reset

Frequency

 

Period End

Rate

 

Bankers Trust

 

$

19,816,667

 

 

$

20,000,000

 

 

March 2017

 

Variable

 

Monthly

 

 

3.13

%